Asked by G

25.Largent Supplies Corp. has borrowed to invest in a project. The loan calls for a payment of $17,384 every month for three years. The lender quoted Largent a rate of 8.40 percent with monthly compounding. At what rate would you discount the payments to find amount borrowed by Largent?
Answered by rick james
8.73%
Answered by kat
none of the above
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